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Prince Alwaleed bin Talal to Donates $32 Billion

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Awaleed

In few years $32 billion is expected to be given away by Alwaleed bin Talal, the prince of Saudi Arabia. According to him “this is all the wealth that he owns and no time scale is set for this donation.”

In a press conference held by Alwaleed, his intention is to have this gift benefit Islamic and non- Islamic nationals. This may be used for various purposes such as promoting understanding among different cultures, eradicating diseases, provision of amenities to remote areas, building schools and orphanages, empowering women and disaster relief.

Since 2010 when Warren Buffet and Bill Gates made an announcement to donate their wealth, close to 200 people from across the globe have made promises to give away more than 50 % of their net worth during their life time or upon their death. Warren Buffet and Bill Gates led by example. As per the Bloomberg Billionaires Index, these two richest Americans who collectively worth more than $ 151 billion together have donated in excess of $ 46 billion towards the Gates foundation.

In a statement, it is the Prince’s wish that the gift make the world a better tolerant place, build equality and acceptance among people and offer equal opportunities to everybody.

Gate’s Support

As per the Bloomberg Billionaires Index, no other person is as rich as Alwaleed in Saudi Arabia. This year alone, his wealth has gone up by 12.7 % or $ 3.4 billion. In his statement, he confirmed having donated a sum of $ 3.5 billion for his charitable work which he has teamed up with The Bill & Melinda Gates foundation and the Carter Center for strengthening health care together with epidemics control. The prince said that Bill Gates really applauded the donation.

This pledge will not have an impact on the future projects or any of the investments of the Kingdom Holding Co which is the main investment of the prince. This is the investment company where he owns shares in Twitter Inc or Citigroup Inc. In February, a stake valued at more than $ 190 million was sold in News Corp therefore reducing his stalk to 1% in Rupert Murdoch’s media.

According to a statement made available on Friday, the CDC investment bank that is controlled by the French state and based in Riyadh is spearheading various companies to invest not less than $150 million of Kingdom Holding.

The Bloomberg Billionaires Index, ranked prince Alwaleed bin Talal 20 of the richest people in the whole world.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade experience in the global financial markets.

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Sanwo-Olu Orders Full Reopening of Markets

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Coronavirus

Governor of Lagos State Orders Full Reopening of All Markets

Governor Sanwo-Olu of Lagos has ordered the full reopening of markets in the state after a report showed new cases of COVID-19 have subsided.

The governor ordered the full reopening of both the food markets and non-food markets across the metropolis.

Dr. Wale Ahmed, the Commissioner for Local Government and Community Affairs, disclosed this in a statement issued on Tuesday.

He said the governor took the decision to further deepen trade and commerce and ease the hardship of recent happenings.

It should be recalled that the markets were shut due to the outbreak of ravaging COVID-19 pandemic in March before they were partially reopened for activities in May.

The governor, however, urged all traders to observe all safety protocols in order to prevent a possible resurgence of COVID-19 in the state.

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Private Sector Coalition Against COVID-19 (CACOVID) Speaks on Looted Palliatives, Explains Delay

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looted palliatives

Looted Palliatives: Private Sector Coalition Against COVID-19 (CACOVID) Speaks

Private Sector Coalition Against COVID-19 (CACOVID) has spoken on the recent actions of criminals and thugs who hijacked the #EndSARS protest and looted warehouses where COVID-19 palliatives were kept for distributions.

The group refuted claims that the stolen items were hoarded for certain people instead of distribution to the vulnerable they were meant for. This is despite the fact that some of the palliatives were already rotten by the time criminals broke into the warehouses.

Some of the looters, who spoke with the press, said a sizeable number of the items were already rotten and destroyed by rodents, while one of the lawmakers tasked with distribution claimed he planned to distribute the items on his birthday. A statement that angered many Nigerians.

However, in a statement issued on behalf of the group by Osita Nwanisobi, the Acting Director of Corporate Communications, CBN, on Monday, CACOVID said due to the huge size of the items meant to be distributed, the complex process involved in manufacturing, packaging and the eventual distribution to 2 million most vulnerable families across the 774 local government in the country, the group agreed to conduct the supply in stages, especially given locked down imposed by the Federal Government during the period.

The statement reads, “Members of the Private Sector-led Coalition Against COVID-19 (CACOVID) wish to call for calm, amidst the looting of COVID-19 palliatives meant for distribution in various State Government warehouses across the country.

“The Coalition is deeply concerned by the recent events and is urging those involved in the wanton destruction of public and private property to immediately desist from these raids, in order to allow the States to proceed with a peaceful and fair distribution of these palliatives to the neediest and most vulnerable in our society.

“Over the past few months, the private sector, through CACOVID has been working with governors, the FCT Minister, and the Nigerian Governors’ Forum (NGF) to procure, deliver, and distribute these food relief items to almost 2 million most vulnerable families (over 10 million Nigerians) across the 774 local government areas of the country, as part of the private sector’s support towards the national response to the COVID-19 pandemic.

“The sheer scale of this nationwide food programme and the timing of the orders and deliveries, which coincided with the lockdowns and reduced movement across the country, compelled CACOVID to roll out distribution in a staggered manner.

“The very large size of the order and the production cycle required to meet the demand caused delays in delivering the food items to the states in an expeditious manner; hence, the resultant delay in delivery of the food palliatives by the state governors.”

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Makinde Directs Schools to Reopen After #EndSARS Protest

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education

Schools to Reopen After #EndSARS Protest, Says Governor Makinde

The Executive Governor of Oyo State, Seyi Makinde, has directed schools across the Ibadan metropolis to resume normal activities immediately after the #EndSARS protest.

Mr Olasunkanmi Olaleye, the commissioner for education, Oyo State, disclosed this in a statement issued on Sunday in Ibadan.

According to Olaleye, the directive was after a careful review of the situation in the Ibadan metropolis as promised by Governor Makinde in a state broadcast on October 20.

This was after the governor ordered the closure of all schools, private and public, in the Ibadan metropolis for three days and promised to review the situation on October 23.

Olaleye said the governor thanks the youths who have been cooperating with security operatives in the state to ensure peace and order.

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